CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†





Discover Bank vs Capital One

Discover is a solid online bank with high APY rates and good customer service. How does it compare to Capital One? Read our comparison chart below.

Discover offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. In addition, Discover offers checkback checking. There are no service fees.

While Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

Compare Discover with Capital One, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Discover Bank
 Visit SiteLearn More
 

Discover Bank

Capital One

SPECIAL OFFER
Online Savings Account - Earn 1.70% APY - Learn More

Read Discover Review

SPECIAL OFFER
Current Promotion - Learn More

Read Capital One Review

 

Benefits and Features

Savings
1.70% APY
1.70% APY
CD0.35% to 2.20% APY. Terms of 3 months to 10 years. 12-month CD APY of 2.00%. Minimum deposit of $2,500 to open.0.60% to 2.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.00%
CheckingEarn 1% cashback on up to $3,000 in debit card purchases each month
0.20% APY
Money Market1.55% APY under $100,000; 1.60% APY $100,000 or more. $2,500 minimum deposit. 
Customer Service
24/7
Mon-Sun: 8am - 11pm (ET)
ATMs
Over 60,000 no-fee ATMs
Over 39,000 no-fee Capital One & Allpoint ATMs
IRA CD12-month CD APY of 2.00%. 24-month CD APY of 2.05%. 5-year CD APY of 2.10%.0.60% to 2.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.00%.
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Discover Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Pros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Bottom LineSolid online bank with high APY rates and good customer service... Read full reviewGood online bank with access to in-person support... Read full review
 Visit SiteLearn More
What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Discover: Pricing information from published website as of 10/31/2019

    Capital One: Pricing information from published website as of 01/28/2020.

    Which is Better: Discover or Capital One?

    Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Discover or Chase.

    In short: Discover's savings and money market are worth mentioning. In particular, the money market is outstanding.


    Articles on Discover Bank


    Articles on Capital One


    Which Do You Think is Best?

    Name
    Email (won't be published)


    You Might Also Like

      Best Free Checking Accounts

      Many banks advertise free checking accounts. But does free really mean free? And what's the right one for your needs? Read on for our list of top free checking accounts.

      Checking Account Promotions

      View list of best checking offers for new accounts. These banks now offer huge incentives.

      Best Online Bank

      Online banks are convenient, pay higher interest rates, and have less fees. Read this list of the best online banks for your money.

      Marcus by Goldman Sachs Review

      Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons.

      Citibank Review: Account Good for You?

      Citibank offers credit cards and banking services. But service fees and balance requirements are on the high side. Is it the right bank for you? Read this review to find out.

      Synchrony Bank Review: CD Rates and Savings

      Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account.
      CIT Bank

      CIT Bank Review: Is It Good?

      Want a high interest rate at a good FDIC insured bank? CIT is tempting, but has some downsides. Read this CIT Bank review before you open an account.

      Average Savings Account Interest

      The average savings account interest rate is 0.6%. Many big banks offer even lower rates. Read this for the surprising truth about savings accounts.

      Top 5 Best CD Rates

      CD accounts are fully secured and risk-free. Plus, they offer higher interest rates than traditional savings accounts. Read on for our list of the best high interest CDs to help you start saving.

      Ally Bank Review: Is It Worth Opening an Account?

      Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here.

    Compare Discover to:


    You might also be interested in

    APY vs Interest Rate

    Comparing interest rates can get confusing. Should you look at APR or APY to determine what's best? We'll explain everything you need to know in our guide.

    Compare Capital One to:


    Next Page:

    About CreditDonkey®
    CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

    †Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

    *See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

    CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.